Lloyds’ retail general counsel Stuart Morgan has grabbed his coat, quite literally
Lloyds’ retail general counsel Stuart Morgan has grabbed his coat, quite literally. Morgan – believed to be the brains behind Lloyds’ decision to outsource its retail and asset finance litigation teams to a panel firm – is expected to become the first general counsel of thread and zips manufacturer Coats after he resigned from the bank last month.
The decision to bring in a senior lawyer comes months after Coats, the world’s biggest maker of industrial thread, pulled in HMRC chairman Mike Clasper to head up the business. Owner Guinness Peat Group has plans to float the company on the London Stock Exchange.
It will be interesting to see if Morgan launches a formal panel once he joins Coats. But while Coats keeps buttoned up about future plans, Sainsbury’s has stitched up a new panel, adding TLT and King & Wood Mallesons SJ Berwin to its roster.
See, seamless transitions all round.
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